第十届董事会第十四次会议决议公告 — 1 — 第十届董事会第十四次会议决议公告 证券代码：000557 证券简称：西部创业 公告编号：2024-40 宁夏西部创业实业股份有限公司 第十届董事会第十四次会议决议公告 本公司及董事会全体成员保证信息披露的内容真实、准确、完整， 没有虚假记载、误导性陈述或重大遗漏。 一、董事会会议召开情况 2024 年 10 月 28 日，宁夏西部创业实业股份有限公司第 十届董事会第十四次会议以通讯表决方式召开。关于召开本次 会议的通知于 2024 年 10 月 17 日以书面、电子邮件和电话形 式发出。董事陈存兵、巫斌伟、吴清亮、韩鹏飞、王勇、傅玉 玺、许志平、张文君、王玉荣、杨玉明出席会议，监事、高级 管理人员列席会议。会议应出席董事 10 人，实际出席董事 10 人。会议的召集、召开符合有关法律、法规和公司《章程》规 定。 二、董事会会议审议情况 会议审议通过了《2024 年第三季度报告》。 董事会认为，公司《2024 年第三季度报告》的编制程序 符合法律、行政法规以及中国证监会的有关规定，报告内容真 实、准确、完整地反映了公司各方面的实际情况。会议授权陈 存兵董事签署本报告 ...

Financial Performance - The company's operating revenue for Q3 2024 was ¥345,892,019.95, a decrease of 29.99% compared to the same period last year[3]. - The net profit attributable to shareholders for Q3 2024 was ¥68,055,057.97, down 2.77% year-on-year[3]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was ¥57,645,770.92, a decrease of 20.71% compared to the same period last year[3]. - The company's basic earnings per share for Q3 2024 was ¥0.0467, a decrease of 2.71% year-on-year[3]. - Total revenue for Q3 2024 was ¥994,676,102.97, a decrease of 17.05% compared to ¥1,198,953,732.43 in the same period last year[40]. - Operating profit for Q3 2024 was ¥269,474,308.04, an increase of 9.93% from ¥246,914,543.26 in Q3 2023[40]. - Net profit for Q3 2024 reached ¥224,144,048.04, up 13.91% from ¥196,791,336.00 in Q3 2023[41]. - The company reported a total comprehensive income of ¥224,144,048.04 for Q3 2024, compared to ¥196,744,698.00 in Q3 2023, indicating an increase of 13.93%[41]. Assets and Liabilities - The total assets at the end of the reporting period were ¥6,618,062,985.44, an increase of 5.67% from the end of the previous year[3]. - The equity attributable to shareholders at the end of the reporting period was ¥6,075,651,079.40, up 4.00% from the end of the previous year[3]. - Total liabilities rose to ¥542,411,906.04, compared to ¥421,058,961.79 at the start of the period, marking a 28.8% increase[39]. - Cash and cash equivalents increased to ¥2,374,048,314.98 from ¥2,078,354,203.01, representing a growth of 14.23%[39]. - Accounts receivable decreased significantly to ¥46,510,841.93 from ¥189,625,435.27, a reduction of 75.48%[39]. Cash Flow - The cash flow from operating activities for the year-to-date was ¥519,831,726.13, a decrease of 9.28% compared to the same period last year[3]. - Cash inflow from operating activities totaled ¥1,229,190,421.73, a decrease of 30.2% compared to ¥1,764,015,086.84 in the previous period[42]. - Net cash flow from operating activities was ¥519,831,726.13, down 9.3% from ¥572,977,341.63 in the prior period[42]. - Cash outflow for investing activities was ¥251,806,684.51, significantly higher than ¥69,350,655.45 in the previous period[42]. - Net cash flow from investing activities was -¥251,806,684.51, compared to -¥69,350,655.45 in the prior period, indicating increased investment expenditures[42]. - Cash inflow from financing activities was ¥97,340.00, a sharp decline from ¥22,585,261.47 in the previous period[42]. - Net cash flow from financing activities was -¥2,559,236.00, compared to an inflow of ¥22,585,261.47 in the prior period, reflecting reduced financing activities[42]. - The ending balance of cash and cash equivalents increased to ¥2,297,891,984.47 from ¥2,154,877,188.55 in the previous period[42]. Investments and Expenses - The company’s construction in progress increased by 444.12%, from ¥69,883,292.75 to ¥380,248,349.93, primarily due to increased investment in electrification projects[7]. - R&D expenses rose by 175.62% to ¥675,393, primarily due to increased investment in Ningdong Railway[8]. - Special reserve increased by 100% to ¥9,428,400 due to safety production fees related to the Ningdong Railway[8]. - Sales expenses decreased by 85.14% to ¥53,146.45, attributed to reduced labor costs from the wine business[8]. - Other income fell by 49.96% to ¥626,976.82, with no government subsidies recognized this period[8]. Legal Matters - The company reported a total litigation amount of 30.43 million yuan related to a contract dispute with Ningxia Hezang Shengshi Wine Industry Co., Ltd.[14]. - The court ruled that Ningxia Hezang Shengshi Wine Industry Co., Ltd. must repay the company within ten days, including a total of 30.43 million yuan for goods, labeling fees, and penalties[14]. - The company is pursuing enforcement against Ningxia Hezang Shengshi Wine Industry Co., Ltd. and its co-debtor, Yinchuan Baohua Fire Door and Window Co., Ltd., which has been listed as a dishonest executor[14]. - The company is involved in a coal trade dispute with Ningxia Shenguang Coal Industry Co., Ltd., with a total claim of 479.95 million yuan[15]. - The court ordered Ningxia Shenguang Coal Industry Co., Ltd. to pay a total of 476.77 million yuan, including interest, within ten days[15]. - The company has incurred legal costs of 0.0229 million yuan in the coal trade dispute, which it is responsible for[15]. - The company has faced challenges in collecting debts due to some debtors being listed as dishonest executors, impacting cash flow[15]. - The company is involved in multiple legal disputes regarding debt recovery and enforcement actions[16][17]. - The company continues to face legal challenges, with several cases pending in various courts[19]. Related Transactions - The company reported a total of 33,445.98 million yuan in railway transportation services, accounting for 54.39% of similar transaction amounts[23]. - The company has ongoing daily related transactions with National Energy Group, with a total approved transaction amount of 72,000.00 million yuan[23]. - The company has a related transaction amount of 46,200.78 million yuan during the reporting period, with a total approved amount of 132,600.00 million yuan[23]. - The company has reported a total of 9,476.60 million yuan in railway logistics services, representing 26.04% of similar transaction amounts[23]. - The company has a total of 3,278.20 million yuan in procurement of raw materials from related parties, accounting for 36.61% of similar transaction amounts[23]. Other Notable Events - The company received government subsidies amounting to ¥425,172.89 during the reporting period, mainly related to stability subsidies[4]. - Da Gu Logistics was sentenced to a fine of CNY 2 million for issuing false VAT invoices, with additional illegal gains of CNY 1.4631 million confiscated[35]. - The company did not undergo an audit for the third quarter report[43].

Financial Performance - The estimated net profit attributable to shareholders for Q3 2024 is approximately 68 million yuan, a decrease of 2.85% compared to the same period last year[3] - The estimated net profit after deducting non-recurring gains and losses for Q3 2024 is approximately 57.6 million yuan, a decrease of 20.77% year-on-year[3] - The estimated basic earnings per share for Q3 2024 is approximately 0.0466 yuan, a decrease of 2.92% compared to the same period last year[3] - The estimated net profit attributable to shareholders for the first nine months of 2024 is approximately 224 million yuan, an increase of 13.83% year-on-year[3] - The estimated net profit after deducting non-recurring gains and losses for the first nine months of 2024 is approximately 219.7 million yuan, an increase of 8.02% year-on-year[3] Business Operations - The company experienced an increase in transportation business volume, leading to higher gross profit[6] - The amount of credit impairment losses recognized decreased year-on-year due to good recovery of customer receivables[6] Non-Recurring Gains and Losses - The company recognized asset disposal income of 5.35 million yuan from government compensation for land used for public infrastructure[6] - The company also recognized additional land compensation income of 7.46 million yuan due to government construction projects[6] - The total impact of non-recurring gains and losses amounted to 12.81 million yuan[6]

Investment Rating - The report assigns a rating of "Accumulate" for the company [4] Core Views - The company reported a total revenue of 649 million, a year-on-year decrease of 7.96%, while the net profit attributable to shareholders increased by 23.1% to 156 million [3] - The decline in revenue is primarily attributed to a 91.8% decrease in the supply chain trade service segment, while the core railway transportation business saw a revenue increase of 9.5% [3] - The railway transportation segment contributes approximately 98% to the company's revenue and gross profit, with a gross margin of about 32% [3] - Future improvements are expected from the electrification of the Ningdong Railway, which is projected to enhance capacity by 10% [4] - The company is also planning to increase investment in the southern Ordos railway, which is anticipated to generate additional revenue [4] - The company is expected to benefit from the recent shift in market sentiment and the national policy of Western Development [4] Financial Summary - For the 2024 forecast, total revenue is expected to be 16.65 billion, with a year-on-year decrease of 14.4% [6] - The net profit attributable to shareholders is projected to be 2.42 billion, reflecting a year-on-year increase of 27.8% [6] - The diluted earnings per share (EPS) is forecasted to be 0.17, with a price-to-earnings (PE) ratio of 26.53 [6] - The company’s gross margin is expected to improve to 14.98% by 2024 [6] - The return on equity (ROE) is projected to increase to 5.23% by 2024 [6]

关于调整宁东铁路电气化改造项目外部电源工程项目投资的公告 本次调整增加投资 0.52 亿元，工程投资估算由 2.71 亿元增 加至 3.23 亿元。具体调整内容及原因如下： 证券代码：000557 证券简称：西部创业 公告编号：2024-38 宁夏西部创业实业股份有限公司 关于调整宁东铁路电气化改造项目 外部电源工程项目投资的公告 本公司及董事会全体成员保证信息披露的内容真实、准确、完整， 没有虚假记载、误导性陈述或重大遗漏。 宁夏西部创业实业股份有限公司（以下简称"公司"）于 2024 年 9 月 29 日召开第十届董事会第十三次会议（临时会议），审议 通过了《关于调整宁东铁路电气化改造项目外部电源工程项目投 资的提案》。现将有关情况公告如下： 一、项目投资调整情况 经公司 2023 年 11 月 22 日召开的第十届董事会第七次会议 （临时会议）审议通过，公司全资子公司宁夏宁东铁路有限公司 （以下简称"宁东铁路"）计划投资 2.71 亿元用于电气化改造及 电力贯通线工程项目配套外部电源工程。2023 年 12 月 25 日， 宁东铁路电气化改造项目外部电源工程取得宁夏回族自治区发 展和改革委员会（以下简称 ...

第十届董事会第十三次会议（临时会议）决议公告 证券代码：000557 证券简称：西部创业 公告编号：2024-37 宁夏西部创业实业股份有限公司 第十届董事会第十三次会议 （临时会议）决议公告 本公司及董事会全体成员保证信息披露的内容真实、准确、完整， 没有虚假记载、误导性陈述或重大遗漏。 一、董事会会议召开情况 2024 年 9 月 29 日，宁夏西部创业实业股份有限公司第十 届董事会第十三次会议（临时会议）以通讯表决方式召开。关 于召开第十届董事会第十三次会议（临时会议）的通知于 2024 年 9 月 19 日以书面、电子邮件和电话形式发出。董事陈存兵、 巫斌伟、吴清亮、韩鹏飞、王勇、傅玉玺、许志平、张文君、 王玉荣、杨玉明出席会议，监事、高级管理人员列席会议。会 议应出席董事 10 人，实际出席董事 10 人。会议的召集、召开 符合有关法律、法规和公司《章程》规定。 二、董事会会议审议情况 审议通过《关于调整宁东铁路电气化改造项目外部电源 工程项目投资的提案》。 董事会同意按照《自治区发展改革委关于变更宁东铁路电 气化改造项目外部电源工程项目有关建设内容的函》的有关要 求，将宁东铁路电气化改造项目外部电 ...

证券代码：000557 证券简称：西部创业 宁夏西部创业实业股份有限公司 投资者关系活动记录表 编号：2024-003 | --- | --- | --- | |--------------|------------------------|-------------------------------------------------------| | | 特定对象调研 | □ 分析师会议 | | | 媒体采访 | 业绩说明会 | | 投资者关系 | 新闻发布会 | □ 路演活动 | | 活动类别 | 现场参观 | | | | 其他： | | | 参与单位名称 | 线上参与" 2024 | 年半年度业绩说明会"的投资者 | | 及人员姓名 | | | | 时 间 | 2024 年 9 月 3 | 日（星期二） 15:00-16:00 | | 地 点 | 价值在线（ | https://www.ir-online.cn/ ）网络互动 | | | 张文君 独立董事 | | | 上市公司 | 许志平 独立董事 | | | | | | | 接待人员 | 杨玉明 独立董事 | | | | | | | 姓 名 | 锋 ...

公司董事会对何旭东先生在任职期间为公司做出的贡献 表示衷心感谢！ 特此公告。 宁夏西部创业实业股份有限公司董事会 本公司及董事会全体成员保证信息披露的内容真实、准确、完整， 没有虚假记载、误导性陈述或重大遗漏。 宁夏西部创业实业股份有限公司（以下简称"公司"）董 事会于 2024 年 8 月 30 日收到何旭东先生的书面辞职报告。何 旭东先生因工作变动，辞去公司董事长（法定代表人）、董事 会战略委员会主任、委员职务。截至本公告披露日，何旭东先 生未持有公司股份，其辞职后将不在公司及公司控股子公司担 任任何职务。 根据《公司法》《深圳证券交易所上市公司自律监管指引 第 1 号——主板上市公司规范运作》和公司《章程》的有关规 定，何旭东先生的辞职未导致公司董事会成员低于法定最低人 数，其辞职报告自送达公司董事会之日起生效。公司将按照规 定，尽快完成补选。 关于董事长辞职的公告 证券代码：000557 证券简称：西部创业 公告编号：2024-36 宁夏西部创业实业股份有限公司 关于董事长辞职的公告 2024 年 8 月 31 日 ...

Financial Performance - The company's operating revenue for the first half of 2024 was ¥648,784,083.02, a decrease of 7.96% compared to ¥704,907,773.83 in the same period last year[13]. - The net profit attributable to shareholders increased by 23.10% to ¥156,088,990.07 from ¥126,796,119.87 year-on-year[13]. - The basic earnings per share rose to ¥0.1070, reflecting a growth of 23.13% compared to ¥0.0869 in the previous year[14]. - The net cash flow from operating activities decreased by 41.75% to ¥322,850,952.44 from ¥554,247,250.09 in the same period last year[14]. - Total assets at the end of the reporting period were ¥6,421,395,314.57, an increase of 2.53% from ¥6,263,137,593.15 at the end of the previous year[14]. - The net assets attributable to shareholders increased by 2.76% to ¥6,003,345,021.43 from ¥5,842,078,631.36 at the end of the previous year[14]. - The company's total operating revenue for the reporting period was ¥648,784,083.02, a decrease of 7.96% compared to ¥704,907,773.83 in the same period last year[23]. - The operating income from railway transportation was ¥635,054,605.37, accounting for 97.88% of total revenue, reflecting a year-on-year increase of 9.48%[25]. - The supply chain trade service revenue significantly dropped by 91.84%, totaling ¥9,886,741.63, due to policy and market environment impacts[25]. - The company's financial condition remains stable with ample cash reserves and a low financial risk profile[20]. Investment and Development - Research and development investment increased by 28.05% to ¥287,275.19, indicating a focus on innovation[23]. - The company has ongoing significant non-equity investments, including ¥109,931,786.75 in the Ningdong Railway electrification project[32]. - The company plans to focus on project construction and technological upgrades, including the electrification of the Ningdong Railway and other key projects[39]. - The company invested ¥134,327,822.49 during the reporting period, representing a significant increase of 182.14% compared to ¥47,610,327.37 in the same period last year[31]. Risks and Challenges - The company faces significant risks from changes in the coal industry and customer demand, which could impact operational results[3]. - The company faces risks including macroeconomic fluctuations, customer concentration, and coal market volatility, which could impact revenue and profit[38]. - The company reported a loss of ¥918,661.99 from the disposal of non-current assets, specifically from the scrapping of fixed assets[16]. Legal Matters - The lawsuit involving Dagu Logistics against Tianjin Xianghe Source International Trade Co., Ltd. confirmed a refund of prepaid goods totaling 5.8038 million yuan and interest of 1 million yuan, with a total claim amount of 6.184 million yuan[49]. - Dagu Logistics has executed a total of 1.3967 million yuan from Tianjin Xianghe Source International Trade Co., Ltd. in 2019 and 2022[49]. - The lawsuit against Ningxia Shengu Coal Industry Co., Ltd. involves a claim amount of 4.7995 million yuan, with no expected liabilities formed[50]. - The company has faced a total claim of 3.7598 million yuan in a contract dispute involving Huang Jubin and Huang Jutian, with ongoing enforcement actions[51]. - Dagu Logistics has initiated enforcement actions against Ningxia Yueneng Industrial Co., Ltd. for a claim amount of 4.108 million yuan due to non-compliance with a mediation agreement[51]. - The company has reported that the total amount involved in the disputes and claims is significant, impacting its financial position and operational strategies[49][50][51]. - The ongoing litigation and enforcement actions are expected to influence the company's cash flow and operational focus in the near term[49][50][51]. Shareholder Information - The company held its annual shareholders' meeting with a participation rate of 57.87%[40]. - The company plans not to distribute cash dividends, issue bonus shares, or increase share capital from capital reserves for the half-year period[41]. - There were no stock incentive plans, employee stock ownership plans, or other employee incentive measures implemented during the reporting period[42]. - The total number of shares is 1,458,374,735, with 99.97% being unrestricted shares[72]. - The number of ordinary shareholders at the end of the reporting period was 36,031[73]. Environmental and Social Responsibility - The company has established 20 key ecological and environmental protection tasks for the year, with a 26% year-on-year decrease in the number of burning incidents in the first half of 2024[44]. - The company has actively participated in rural revitalization efforts, including providing free health check-ups for families with special needs[45]. - The company has implemented a dual prevention mechanism for safety risk management and has set annual safety goals to enhance safety awareness among employees[44]. Accounting and Financial Policies - The financial report for the half-year period was not audited[79]. - The company operates under the assumption of continued business viability for at least 12 months from the reporting date[97]. - The accounting policies are based on the accrual basis, with historical cost measurement for most transactions[96]. - The company adheres to the relevant accounting standards, ensuring the financial statements are true, accurate, and complete[99]. - The company has implemented a new accounting policy for mergers, ensuring that identifiable assets and liabilities are measured at fair value on acquisition date for non-similar control mergers[106]. Cash Flow and Liquidity - The company's cash and cash equivalents amounted to CNY 2.33 billion, up from CNY 2.08 billion, indicating a growth of approximately 12.16%[80]. - The net increase in cash and cash equivalents was ¥235,551,041.88, a decrease of 53.77% compared to the previous year[25]. - The company reported a significant increase in cash flow, with cash and cash equivalents amounting to 500 million RMB, indicating strong liquidity[107]. - The company’s cash flow statement reflects cash that is readily available for payment, emphasizing strong operational cash flow management[107]. Inventory and Receivables - Inventory at the end of the period totaled CNY 42,104,444.44, with a provision for inventory depreciation of CNY 5,238,183.86[192]. - The company's accounts receivable at the end of the period amounted to ¥105,329,743.74, a decrease from ¥206,658,551.41 at the beginning of the period, representing a reduction of approximately 49%[172][173]. - The provision for bad debts at the end of the period was ¥13,992,855.94, which corresponds to a provision ratio of 13.28%[173][178]. - The total amount of accounts receivable aged over five years was ¥10,068,783.41, with a 100% provision for bad debts[172][178].

2024 年半年度非经营性资金占用及其他关联资金往来情况汇总表 宁夏西部创业实业股份有限公司 单位：万元 非经营性资金占用 资金 占用 方 名称 占用方与 上市公司 的关联 关系 上市公 司核算 的会计 科目 2024年 期初占 用资金 余额 2024年1-6月 占用累计 发生金额 （不含利息） 2024年1-6 月占用资 金的利息 （如有） 2024年 1-6月 偿还累计 发生金额 2024年 6月末 占用资 金余额 占用 形成 原因 占用性质 控股股东、实际控制 人及其附属企业 非经营性 占 用 小计 - - - - - - - - - - 前控股股东、实际控 制人及其附属企业 非经营性 占 用 小计 - - - - - - - - - - 其他关联方及其附属 企业 非经营性 占 用 小计 - - - - - - - - - - 总计 - - - - - - - - - - 其他关联资金往来 资金 往来 方 名称 往来方与 上市公司 的关联 关系 上市公 司核算 的会计 科目 2024年 期初往 来资金 余额 2024年1-6月 往来累计发 生金额 （不含利息） 2024年1-6 月往来资 金的利息 （如 ...